Common use of Payment and Redelivery of Option or Shares Clause in Contracts

Payment and Redelivery of Option or Shares. At the Put Closing, ------------------------------------------ Target shall pay the required amount to Acquiror in immediately available funds (and Acquiror Shares, if applicable) and Acquiror shall surrender to Target the Option and the certificates evidencing the Target Shares purchased by Acquiror pursuant thereto, and Acquiror shall represent and warrant that such shares are then free and clear of all claims, liens, charges, encumbrances and security interests of any kind or nature whatsoever, other than those imposed by Target.

Payment and Redelivery of Option or Shares. At the Put Closing, ------------------------------------------ Target Acquiror shall pay the required amount to Acquiror Target in immediately available funds (and Acquiror Target Shares, if applicable) and Acquiror Target shall surrender to Target Acquiror the Option and the certificates evidencing the Target Acquiror Shares purchased by Acquiror Target pursuant thereto, and Acquiror Target shall represent and warrant that such shares are then free and clear of all claims, liens, charges, encumbrances and security interests of any kind or nature whatsoever, other than those imposed by TargetAcquiror.